"Retail Hazardous Waste Matter. As previously reported, the District Attorneys for ten counties in California and
the City of Los Angeles are investigating alleged non-compliance with laws and regulations enacted or adopted
regulating the storage, transportation and disposal of hazardous waste in California at Macy’s stores and distribution
centers. The Company is cooperating with the offices and agencies involved, which are focused on disposal and return
of cosmetic products, and is committed to adopting policies and procedures as may be appropriate depending on the
outcome of the investigation into this matter. No administrative or judicial proceedings have been initiated. In October
2020, the District Attorneys made an initial settlement demand to the Company that included a monetary penalty,
reimbursement of investigation costs and injunctive relief. Settlement discussions are on-going. It is possible that we
will pay penalties in excess of $1,000,000 in connection with this matter and have adjusted our reserve against potential
loss to reflect the settlement demand. Although we are currently unable to predict the outcome of this matter or the
amount or range of any possible loss, we do not believe the resolution of this matter will have a material adverse impact
on our consolidated results of operations, financial condition or cash flows." It does not give a final answer or a total, this is all that is stated on page 21 of the report